Galaxy Gaming, a leading provider of table game content and progressive solutions, has embarked on an exciting journey to expand its presence in Europe. Through a strategic partnership with Spirit Gaming, Galaxy aims to leverage its innovative offerings in new markets while benefiting from Spirit’s expertise in European distribution.
Partnership Details:
The partnership entails Spirit becoming Galaxy’s exclusive distribution partner in Germany, Austria, Luxembourg, and Belgium, with additional non-exclusive distribution rights in Switzerland and Liechtenstein. This strategic alignment signifies a significant step forward for both companies, tapping into new territories and unlocking fresh opportunities.
Galaxy’s Perspective:
Todd Cravens, President and CEO of Galaxy Gaming, expresses optimism about the venture, citing the company’s success in the United Kingdom as a precursor to what lies ahead in European markets. He emphasizes the potential of combining Galaxy’s top-tier table game content and solutions with Spirit Gaming’s market expertise to deliver exceptional value to clients.
Spirit’s Vision:
Frank Ziegler, Managing Director of Spirit Gaming, echoes Cravens’ sentiments, highlighting the enthusiasm within the Spirit Gaming team to collaborate with Galaxy Gaming. Ziegler envisions a promising future, anticipating players’ enthusiasm for Galaxy’s innovative games and progressive jackpot systems across Europe.
Product Offerings:
Galaxy’s product portfolio, including Triton Casino Systems, Bonus Jackpot System, and a diverse range of table game titles like 21+3, Perfect Pairs, and Three Card Prime, will receive region-specific support and distribution through Spirit Gaming. This ensures tailored offerings that resonate with the preferences of European players.
Financial Performance:
Galaxy Gaming’s robust financial performance further underscores the strategic significance of this partnership. With a reported revenue of $5.9 million in Q1 2022, marking a substantial 38% increase from the previous year, the company demonstrates resilience and growth amidst challenges. Notably, its iGaming revenue soared to $2.8 million in Q1, reflecting a remarkable 58% increase from Q1 2021 and a notable 35% surge from Q4 2021.
The collaboration between Galaxy Gaming and Spirit Gaming represents a synergistic union poised to reshape the landscape of European gaming. As both companies leverage their strengths and synergies, they are set to captivate audiences with unparalleled gaming experiences while driving sustained growth and innovation in the industry.